Real price of Gold & Silver soon to show Even though gold's spot prices are still trading below $1,750 an ounce, the real price of gold is a few hundred dollars higher, according to Ed Moy, former U.S. Mint director and currently chief market strategist at Valaurum.
The true price of gold is what people are willing to pay for the physical metal, including the extraordinary premium investors are currently faced with, Moy told Kitco News when speaking about the unprecedented demand for bullion coins so far this year.
"Part of the confusion in gold is that the spot price of gold remains around $1,735. And it should be higher. But the true price of gold is the spot price plus the premiums that investors are willing to pay for that physical gold. What you do is you add $300 or $350 on top of the spot price. And you ended up with gold currently being around $2,100, which is around the record highs that we saw in August," said Moy, who served as the U.S. Mint director from 2006 to 2011.
https://www.kitco.com/news/2021-04-13/The-real-price-of-gold-is-at-2-100-here-s-why-former-U-S-Mint-director.html